PM approves plan to implement EVFTA

(VOVWORLD) - Prime Minister Nguyen Xuan Phuc has approved a plan to implement the EU-Vietnam free trade agreement (EVFTA) which took effect on August 1. 
PM approves plan to implement EVFTA - ảnh 1 Prime Minister Nguyen Xuan Phuc at a video conference on the action plan to implement the Viet Nam-EU free trade agreement, August 6, 2020. (Photo: Thuy Hien/VNA)

Under the plan, ministries, agencies, and localities are urged to focus on publicizing the terms of the trade deal, disseminating information about the European market, crafting legislation, sharpening competitiveness, and developing human resources.

The PM said Vietnam will continue to carry out trade and promotion activities in EU countries so European investors can learn about business and investment opportunities in Vietnam. He asked ministries, agencies, and localities to continue to provide training for micro, small, and medium-sized enterprises and farmers to enhance their competitiveness in order to further integrate into global and regional supply chains and take full advantage of the agreement.

PM Phuc said Vietnam will restructure its industrial sectors to create platforms for further industrialization and modernization, speed up agricultural restructuring efforts towards greater use of advanced technology and more environmentally friendly production, forge stronger links between domestic and foreign-invested enterprises, and form new supply chains.